The European Union expects wine and spirits exported to the U.S. will face the baseline 15% tariff from Friday, as the clock runs down for levies to kick in. The U.S. and EU are ironing out the finer details of a trade agreement reached Sunday.

Europe is preparing for the onslaught of Donald Trump's latest tariffs, which are set to go into effect August first. EU leaders managed to bargain down Trump somewhat. But industry leaders say they're being forced to give away too much for too little.

President Donald Trump’s trade war faces a crucial test as a federal appeals court hears a challenge to his use of emergency powers to impose sweeping tariffs on imports.

There are just hours to go before President Donald Trump’s deadline for scores of countries to strike trade deals with the U.S. or face steep tariffs. The president has managed to bend many trading partners to his will with lopsided (if vaguely sketched) agreements — and largely sidestepped,